Live in Connecticut, New Jersey or New York? Bank of America has a generous promotion: up to $200 for new checking customers. Details follow.
All you need to do is open a new personal checking account with Bank of America using the offer code CHLMHP either online or in person. Next, set up and receive a recurring direct deposit within 90 days of opening the account. Bank of America will give you $100 for completing this task.
To get the next $100, you must fund your Bank of America accounts (checking, CD or savings) and/or certain eligible Merrill Lynch or Pierce, Fenner & Smith Inc investment accounts with $25,000 in new money, across all accounts. If this is done within the first 90 days of opening the account, Bank of America will toss in another $100.
Three accounts are compatible with this offer. The eBanking account has an $8.95 monthly fee, which can be waived by going paperless and making all withdrawals and deposits without the assistance of a teller (direct deposit, ATM or online). MyAccess Checking has a $12 monthly fee, waived for customers who make a direct deposit of at least $250 each month or maintain an average daily balance of $1,500 or more. Advantage with Tiered Interest Checking has a $25 monthly fee, waived only by keeping a $10,000 average daily balance (or higher). It pays up to 0.10% APY.
You must sign up for a new account by October 1, 2012 to qualify for the bonus. The deal is valid only in CT, NY and NJ.